Chambliss Statement on Passage of Legislation to Stabilize Housing Market

WASHINGTON – U.S., July 29, 2008 (RealEstateRama) – Senator Saxby Chambliss, R-Ga., today made the following statement following passage of legislation to stabilize the housing market:

“Although this bill is not perfect, and I have some concerns with certain provisions included in it, I believe its passage is a step in the right direction toward addressing the current housing crisis and providing incentives for people to get in the market. This legislation also provides much-needed assistance to the communities that have been devastated by foreclosures by providing pre-foreclosure counseling for families in need and by enhancing mortgage disclosure. Georgians want Congress to address the challenges families are facing in a responsible way, and I believe we achieve that with a number of measures included in this bill.”